Streaming a hit for Netflix

Streaming a hit for Netflix

Netflix's sales jumped 24 per cent as a higher percentage of its broadening subscriber base took advantage of the company's videostreaming service. The company also that it expected streaming use to accelerate on a yet-to-be disclosed agreement with a consumer electronics company this quarter as well as on overseas operations starting next year.

The top rated US DVD-rental service via mail widened its subscriber base from a year earlier by 28 per cent to 11.1 million. About 42 per cent of its customers video-streamed at least part of either a television show or movie during the third quarter, up from 22 per cent a year earlier.`